Below is a quote from John Mauldin's weekly newsletter. I plan to include these items on my Christmas list when I write Santa.
They sound like such simple requests, I surely will find them under the tree Christmas morning.

Would not we be better off with a machine at the Fed which simply grew the money supply at a reasonable rate of growth, coupled
with a federal government that ran slight surpluses? Both of those are apparent fantasies.

It would also be nice to have less regulation and free trade and unfettered capital markets.

Oh, and could we get Medicare and our other next generation problems in order?

Let's not forget the savings problems of the Baby Boomers.

And that damn pesky trade deficit.

And since we have our Christmas wish list out, what about even lower taxes and a smaller government?